Seth Klarman recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Seth Klarman (Trades, Portfolio) is a value investor and Portfolio Manager of the investment partnership The Baupost Group, which he founded in 1983. The guru, who authored the $1,000 book "Margin of Safety," received an economics degree at Cornell University and an MBA at Harvard University.
As of the latest 13F report, the guru’s equity portfolio contained 45 stocks valued at a total of $5.79Bil. The top holdings were LBTYK(13.63%), QRVO(9.29%), and LSXMK(8.97%).
According to GuruFocus data, these were Seth Klarman (Trades, Portfolio)’s top five trades of the quarter.
Intel Corp
The guru sold out of their 8,724,431-share investment in NAS:INTC. Previously, the stock had a 4.84% weight in the equity portfolio. Shares traded for an average price of $34.09 during the quarter.
On 11/15/2022, Intel Corp traded for a price of $30.35 per share and a market cap of $125.25Bil. The stock has returned -36.77% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Intel Corp has a price-earnings ratio of 9.34, a price-book ratio of 1.25, a price-earnings-to-growth (PEG) ratio of 0.68, a EV-to-Ebitda ratio of 5.27 and a price-sales ratio of 1.80.
The price-to-GF Value ratio is 0.66, earning the stock a GF Value rank of 10.
Alphabet Inc
Seth Klarman (Trades, Portfolio) reduced their investment in NAS:GOOG by 2,000,000 shares. The trade had a 3.25% impact on the equity portfolio. During the quarter, the stock traded for an average price of $111.66.
On 11/15/2022, Alphabet Inc traded for a price of $96.03 per share and a market cap of $1,240.74Bil. The stock has returned -35.83% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Alphabet Inc has a price-earnings ratio of 19.07, a price-book ratio of 4.90, a price-earnings-to-growth (PEG) ratio of 0.71, a EV-to-Ebitda ratio of 12.35 and a price-sales ratio of 4.51.
The price-to-GF Value ratio is 0.68, earning the stock a GF Value rank of 10.
Warner Bros.Discovery Inc
During the quarter, Seth Klarman (Trades, Portfolio) bought 11,000,000 shares of NAS:WBD for a total holding of 29,000,000. The trade had a 2.18% impact on the equity portfolio. During the quarter, the stock traded for an average price of $13.59.
On 11/15/2022, Warner Bros.Discovery Inc traded for a price of $11.49 per share and a market cap of $27.90Bil. The stock has returned -58.83% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Warner Bros.Discovery Inc has a price-book ratio of 0.58, a EV-to-Ebitda ratio of 6.63 and a price-sales ratio of 0.62.
The price-to-GF Value ratio is 0.45, earning the stock a GF Value rank of 4.
Willis Towers Watson PLC
During the quarter, Seth Klarman (Trades, Portfolio) bought 358,462 shares of NAS:WTW for a total holding of 1,285,428. The trade had a 1.24% impact on the equity portfolio. During the quarter, the stock traded for an average price of $206.35.
On 11/15/2022, Willis Towers Watson PLC traded for a price of $232.4 per share and a market cap of $25.15Bil. The stock has returned 2.06% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Willis Towers Watson PLC has a price-earnings ratio of 10.14, a price-book ratio of 2.57, a price-earnings-to-growth (PEG) ratio of 1.33, a EV-to-Ebitda ratio of 14.42 and a price-sales ratio of 3.08.
The price-to-GF Value ratio is 0.94, earning the stock a GF Value rank of 6.
Lithia Motors Inc
The guru established a new position worth 250,000 shares in NYSE:LAD, giving the stock a 0.93% weight in the equity portfolio. Shares traded for an average price of $261.28 during the quarter.
On 11/15/2022, Lithia Motors Inc traded for a price of $240 per share and a market cap of $6.56Bil. The stock has returned -25.16% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Lithia Motors Inc has a price-earnings ratio of 5.38, a price-book ratio of 1.32, a price-earnings-to-growth (PEG) ratio of 0.18, a EV-to-Ebitda ratio of 6.21 and a price-sales ratio of 0.25.
The price-to-GF Value ratio is 0.59, earning the stock a GF Value rank of 8.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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